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Switch Markets vs OvalX
Both forex brokers have built a positive reputation, and feedback from our members supports that.
That said, Switch Markets currently holds a stronger overall rating (4.5) than OvalX (1).
Switch Markets has a lower minimum deposit, at 50.0.
Both platforms offer their clients demo accounts.
Switch Markets offers a greater leverage limit of 1:1000, whereas OvalX allows a maximum of only 1:275.
If youre unsure which of these two brokers to choose, you can always explore our full list of recommended brokers here or ask for opinions from other members in Myfxbook Community.
If youre unsure which of these two brokers to choose, you can always explore our full list of recommended brokers here or ask for opinions from other members in Myfxbook Community.
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Overall Rating:
Platform:
Pricing:
Customer service:
Features:
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| Minimum deposit ($) | 50.0 | 250.0 |
| Commission | 3.5 | - |
| Accepting US clients? | ||
| Swap free accounts | ||
| Segregated accounts | ||
| Interest on margin | ||
| Managed accounts | ||
| Accounts for money managers (MAM, PAMM) | ||
| One click trading | ||
| API | ||
| OCO orders | ||
| Trading over the phone | ||
| Hedging allowed | ||
| Trailing stops | ||
| Mobile trading | ||
| Scalping allowed | ||
| Bonuses | ||
| Demo Accounts | ||
| Web based trading | ||
| Contests | ||
| Decimals | 5 | 5 |
| Minimum lot size | 0.01 | 0.01 |
| Maximum lot size | 100.0 | - |
| Spread | Variable | Variable |
| Broker type | STP, ECN, Pro, Cent | STP, DMA, Prime of Prime |
| Maximal leverage (1:?) | 1000 | 275 |
| Availability | STP, ECN, Pro, Cent | STP, DMA, Prime of Prime |
| Regulation | - | FCA (UK), CySEC (Cyprus), FSCA (South Africa) |
| Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), Web Platform, Mobile Platform | MetaTrader 4 (MT4) |
| Funding/Withdrawal methods | Wire Transfer, Credit Card, Debit Card, Perfect Money, Neteller, UnionPay, Skrill, FasaPay, Local Deposits, Bitcoin, Multiple local methods, PayTrust, PayRetailers, Payment Asia, Crypto, Dragonpay, USDT, Visa, Mastercard, cryptoPay | Wire Transfer, Credit Card, Debit Card |
| Account Currency | USD, GBP, EUR, CHF, NZD, CAD, AUD, PHP | GBP |
| Languages | English, Spanish, Portuguese, Italian, Russian, Filipino, Tagalog | English |
| Country | Singapore | Cyprus |
| Trading platform(s) timezone | Australia, Cyprus, Singapore | United Kingdom |
| Other trading instruments | - | Indices, Spread Betting |
| spreads | ||
| EUR/USD | - | - |
| GBP/USD | - | - |
| USD/JPY | - | - |
| USD/CAD | - | - |
| XAU/USD | - | - |
